7 Feb 2014
US stocks close the week with gains after all
FXStreet (San Francisco) - Wall Street closed the week with a strong note as the nonfarm payrolls January report fuels investors' hopes that the Fed would be forced to be cautious on tapering program.
In a dramatic come-back, us stocks rose from multi-month lows reached earlier this week and after ECB decision to maintain the status quo and not-that-bad-to-be-worried nonfarm payrolls report but enough to make the Fed doubts; it seems the bulls are on charge again
The Dow Jones Industrial Average rose 165.55 points or 1.06% on Friday to close the week at 15,794.08, 0.61% weekly gains. The S&P 500 jumped 23.59 pts or 1.33% to perform its best day of the year and finish at 1,797.02, 0.81% positive in the week.
The Nasdaq climbed 68.74 pts or 1.69% to 4,125.86. The Composite finished with 0.54% weekly gains.
In a dramatic come-back, us stocks rose from multi-month lows reached earlier this week and after ECB decision to maintain the status quo and not-that-bad-to-be-worried nonfarm payrolls report but enough to make the Fed doubts; it seems the bulls are on charge again
The Dow Jones Industrial Average rose 165.55 points or 1.06% on Friday to close the week at 15,794.08, 0.61% weekly gains. The S&P 500 jumped 23.59 pts or 1.33% to perform its best day of the year and finish at 1,797.02, 0.81% positive in the week.
The Nasdaq climbed 68.74 pts or 1.69% to 4,125.86. The Composite finished with 0.54% weekly gains.